Two-Story Industrial
New
For Sale
$3,500,000
1403 N Baxter, Anaheim, CA 92806
Office areas on both floors provide space for reception, staff workstations, storage, and dining.
Property Size8,026 SF
Days on Market5
Property Features for 1403 N Baxter
General Information
Standard status
Active
Size
8,026 SF
Property subtype
Industrial
Building Details
Building Size
8,026 SF
Listed By:
Damian Ramirez · License #01974515
(714) 292-7224
Source:
Elliman
Added: Sep 30
Last Checked: Oct 2 at 11:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Damian Ramirez
Investment Insights
Based on property information with market context.
This two-level industrial building in Anaheim includes a reception area, storage, three offices, a bathroom, and a dining area on the ground floor. The upper floor contains four additional offices and a second bathroom. The property occupies an approximately 24,217-square-foot lot and has on-site parking.
The site is near State College Boulevard and Via Burton, with access to the 91, 57, 55, and 5 freeways.
The site is near State College Boulevard and Via Burton, with access to the 91, 57, 55, and 5 freeways.
Key Highlights
- Two‑story industrial building on an approximately 24,217‑square‑foot lot
- Seven offices distributed across the two floors
- Ground floor includes reception, storage, dining area, and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$109,164
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,183,280
$2.2M
Cap Rate 7%
$1,559,486
$1.6M
Cap Rate 9%
$1,212,933
$1.2M
Market Conditions
NOI Build-Up for 8,026 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$164.7K $20.52/SF
− Vacancy
−$8.7K −$1.09/SF
EGI
$155.9K $19.43/SF
− OpEx
−$46.8K −$5.83/SF
NOI
$109.2K $13.60/SF
Area
ZIP 92806
Vacancy
5.31%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,183,280
Cap Rate 7%
$1,559,486
Cap Rate 9%
$1,212,933
Alternative Uses
Best Use
Industrial
$1.56M
$1.36M – $1.82M
NOI $109,164 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $180,065 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,199
Businesses Nearby
Explore this area
Business Placement
Demographics for 92806, CA
40,649
Population
13,144
Households
3.1
Avg Household Size
35
Median Age
26%
College-Educated
79%
High-School Grad
7.7 sq mi
ZIP Area
5,279
Density / Sq Mi
$95,112
Median Household Income
$44,212
Median Earnings
$2,234
Median Rent
$791,200
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Industrial property - Office areas on both floors provide space for reception, staff workstations, storage, and dining.
Where is this industrial property located?
The property is located at 1403 N Baxter Anaheim, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Two‑story industrial building on an approximately 24,217‑square‑foot lot; Seven offices distributed across the two floors; Ground floor includes reception, storage, dining area, and one bathroom
